Accounts Receivable, Net

6 Months Ended

Jun. 28, 2024

Note 8: Accounts Receivable, Net

At June 28, 2024 and December 29, 2023, accounts receivable, net, was comprised of the following:


	June 28,			December 29,
(In thousands)	2024			2023
Billed accounts receivable	$	117,977		$	128,052
Unbilled accounts receivable		54,054			44,589
Allowance for contract losses and doubtful accounts		(6,161	)		(5,281	)
Total accounts receivable, net	$	165,870		$	167,360

The Company maintains allowances for estimated losses over the remaining contractual life of its receivables resulting from the inability of customers to meet their financial obligations or for disputes that affect the Company’s ability to fully collect amounts due. In circumstances where the Company is aware of a specific customer’s inability to meet its financial obligations or aware of a dispute with a specific customer, a specific allowance is recorded to reduce the net recognized receivable to the amount the Company reasonably believes will be collected. For all other customers the Company recognizes allowances for doubtful accounts based upon historical write-offs, customer concentration, customer creditworthiness, current economic conditions, aging of amounts due and future expectations.

A reconciliation of the beginning and ending amount of the allowance for contract losses and doubtful accounts is as follows (in thousands):


Balance at December 29, 2023	$	5,281
Provision for contract losses and doubtful accounts		2,359
Write-offs		(1,479	)
Balance at June 28, 2024	$	6,161